At the organizational support of the Central Bank of Azerbaijan, the international payment system Visa Int. held a seminar for representatives of commercial banks on Prepaid Cards.
The seminar was told about the kinds of prepaid cards, their distinctive features, the existing international practice in this area, and the benefits of these cards from the point of view of the issuer and cardholders.
During the discussions, participants were informed about the more common types of prepaid cards, the main revenue and expenditure of the bank's card issuers on the product, the main factors taken into account by banks in the emission of the product.
The seminar was attended by Regional Manager of Visa Int on the Caucasus region Irina Kamkhadze, Director of prepaid card products in Russia and CIS countries Deniz Kononech, as well as representatives of commercial banks. -15D -
Economics
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The minimum wage in Azerbaijan, currently set at 345 manats, will be increased at the beginning of 2025 to meet the country’s international obligations. This was announced by economist and Member of Parliament Ali Mansimli during an interview with TV channel "24". According to him, the current minimum wage level does not meet the requirements of several international documents, which state that the minimum wage should be at least 60% of the average salary, which is 1000 manats. This means that the minimum wage in Azerbaijan should be 600 manats; however, it currently stands at only 34% of the average salary.
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The Cabinet of Ministers of Azerbaijan approved a series of amendments on September 25, to the laws regulating the circulation of medicinal products, as part of the implementation of the "Law on Amendments to the Law on Medicinal Products of the Republic of Azerbaijan" adopted on July 14, 2023. These amendments aim to align national legislation with international standards and strengthen the regulation of pharmaceutical product circulation in the country.
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The Ministry of Digital Development and Transport of Azerbaijan has approved a new regulation titled "Flight Operations Preparation Rule," aimed at enhancing the safety and efficiency of civil aviation activities. Decision number 3-27/3-7-16/2024 was adopted by the ministry’s collegium on September 12, 2024, in accordance with the law "On Aviation" dated December 22, 2023.
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The Ministry of Digital Development and Transport of the Republic of Azerbaijan approved a comprehensive set of airworthiness regulations aimed at ensuring the safety and reliability of the country’s civil aviation sector.
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